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flag Honda cuts EV investment, shifts focus to hybrids due to slow EV uptake and policy uncertainties.

flag Honda has scaled back its electric vehicle (EV) investment plans, reducing the budget from 10 trillion yen to 7 trillion yen, and dropped its goal for EVs to make up 30% of global sales by 2030, now aiming for about 20%. flag The company will focus more on hybrid models, planning to launch 13 new hybrid vehicles by 2030, due to slower-than-expected EV adoption and policy uncertainties. flag Honda still aims for all new car sales to be electric or fuel-cell vehicles by 2040.

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